November 09, 2006
Big Pharma Loses with Dems

According to the November 9th Investor's Guide Daily, "the major indices finished lower today as sliding pharmaceutical companies and some more negative economic reports ended the market’s three day positive momentum. Drug companies like Merck and Pfizer dropped because many analysts believe the new Democratic congress will have a negative affect on the industry."

The real reason for the loss of investor confidence is not worries of regulation. The reason is this: even though the Dems are every bit as crooked as the Repubs, they are far less likely to collectively grant buttloads of corporatocracy favors to Big Pharma. If Big Pharma gets slapped back just a bit, it's one more reason to love the fact that the Dems have taken over the House. The other reason to love the Dem's revolution is more gridlock and, hopefully, that will mean less theft, oppression, torture, wars, and a slowing down of the growth of the police state. Let's hope...

The one thing I do worry about most, with a Democratic majority, is the multiple hands reaching into my purse.

Posted by Karen De Coster